Home / Knowledge / News / Textiles / BASF, Sinopec get govt nod for expansion
BASF, Sinopec get govt nod for expansion
07
Jul '09
The Chinese central government has approved the Joint Feasibility Study Report submitted by BASF and SINOPEC for the expansion of their joint venture, BASF-YPC Co., Ltd. (BYC), in Nanjing, China, as of July 1, 2009.

BASF and Sinopec will jointly invest approximately $1.4 billion in state-of-the-art technologies to produce downstream specialty chemicals for the Chinese market, serving multiple industries such as construction, electronics, pharmaceutical, automotive and chemical manufacturing.

The investment, which includes the expansion of the existing steam cracker, the construction of 10 new chemical plants, and the expansion of three existing plants, will strengthen the market competitiveness of the joint venture by broadening the product scope and further leveraging the advantages of the integration.

Dr. Martin Brudermüller, member of the Board of Executive Directors of BASF SE responsible for Asia Pacific, said, "The economically successful operation of the joint venture over the four years since startup has shown that close cooperation benefits both parties. The expansion of BYC underscores our strong belief in the growth opportunities of the Chinese market and is another milestone in cooperative development. At the same time, it demonstrates BASF's long-term commitment to China and will further expand our competitive advantage. With the products from our plants, we will be able to help our customers in China make their industries, businesses and homes more energy efficient."

Mr. Wang Tianpu, President of Sinopec, said, "The expansion conforms with China's revitalization plan for the petrochemical industry, fosters the integration of BYC, broadens the portfolio of downstream products in Nanjing, meets the increasing demands in the East China region, and promotes the upgrading of China's petrochemical industry. With this step, BYC will be among the most competitive sites of Sinopec operations."

The final approved project scope includes the following:
• The expansion of the existing steam cracker to a total of 740,000 metric tons per year of ethylene
• The development of an integrated ethylene oxide (EO) derivatives value chain, including:
- The expansion of the existing EO plant and the construction of a new EO purification unit
- The construction of EO derivatives plants, including a new butyl glycol ether plant, a new non-ionic surfactants plant, and a new amines complex for the production of ethanolamines, ethyleneamines and dimethylethanolamine, and the construction of a new DMA3 plant
• The extension of the acrylics value chain with the construction of a new super-absorbent polymer (SAP) plant
• The expansion of the existing propionic acid and aldehyde plants
• The expansion of the existing oxo-C4 plant
• The development of an integrated C4 complex, including a butadiene extraction plant, a 2-propylheptanol plant, an isobutene extraction plant, and a plant for highly reactive polyisobutene.


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives
Textile industry

It will take some time for the people to change their buying choices

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search